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Why we have a debt ceiling, and why this trip to the brink may be different

For those on Capitol Hill who would threaten a default as a means to compel concessions on policy, the destructive power of default is what makes it makes attractive as a tactic. (J. Scott Applewhite/AP)
For those on Capitol Hill who would threaten a default as a means to compel concessions on policy, the destructive power of default is what makes it makes attractive as a tactic. (J. Scott Applewhite/AP)

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